North Sumatra is targeted by BKPM to attract investment of IDR 46 trillion in 2020

North Sumatra is targeted by BKPM to attract investment of IDR 46 trillion in 2020

By: Evalisa Siregar

18 May 2020 04:00 PM

The Government of North Sumatra Province this year is targeted by the Investment Coordinating Board (BKPM) to be able to attract an investment of IDR 46 trillion.

"The target is increased by around IDR 13 trillion from the 2019 target of IDR 33 trillion," said the Head of Supervision and Control of the North Sumatra One Stop Integrated Investment Service Office (DPMPTSP), Mimi R Rangkuti in Medan, Thursday.

Meanwhile the investment realization in North Sumatra in 2019 only reached IDR 25.442 trillion. Although the target is considered heavy because the global economy is still not stable, said Mimi, there are several sectors that are expected to make the target realized.

Mimi gave an example, investment that has not been realized in 2019 such as in the electricity sector is expected to be realized in 2020. One of the investment plans in the electricity sector is a mini hydro power plant around IDR 200 billion - IDR 300 billion. There is also investment plan from Korea to build gas power plants.

"The target location for the PLTG (gas power plants) investment is in Batubara Regency because of it is close to the gas supply vessel," she said.

Apart from electricity, investment is also expected to enter from the industrial sector.

"It is hoped that the KEK SEI Mangkei can be more maximized so that it can continue to attract investment," she said.

Source: Click here

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